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20130101
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CSPAN 5
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Search Results 0 to 4 of about 5 (some duplicates have been removed)
CSPAN
Dec 30, 2012 2:00pm EST
of the issues the parties said they were concerned about leading into the fiscal cliff. the payroll tax cut is going to expire. no one is talking about extending that. that is the one that gives the biggest bang for the buck. host: if a deal does get done, how much of the cliff aristo going to be staring at? guest: you are staring at one cliff, the payroll tax cut going away. that is 3% of every wage earner up to $100,000 or so. that will have a big economic impact. you are approaching the debt ceiling cliff which will be another standoff. i assume that is where we will get into the discussion of spending cuts that seems to be absent from whatever deal they are talking about. guest: if there is no deal, the full tax cuts go away. the tax increases and spending cuts will go into effect. about iran fiscal policy given the time. but something in between. maybe the minimum of $200 billion and the maximum of $600 billion. host: some statistics with several charts on how it affects you in your income bracket. the richest 20% with scene increase of about $20,000 increase in taxes owed. for those m
CSPAN
Dec 30, 2012 6:30pm EST
and the landing. at the bottom of the fiscal cliff are immediate and massive tax increases, deep and indiscriminate spending cuts, and a risk of another recession. if we come down on the final hours -- we have to bang choices -- to do nothing and cause an unbelievable amount of hardship for our fellow americans, or to do something to reduce the suffering inflicted on our citizens by an inflexible political system. mr. president, i choose to do something. today i am introducing the act -- the cliff alleviation at the last minute act. the act would do three important things. it will soften the financial blow the fiscal cliff, it will colmar financial markets, it gives us the certainty of a plan. it allows us, if we ever find the courage, to pursue the fiscal grand bargain that has eluded us so far. the financial markets are watching us and getting warmer -- nervous by the hour. we need to assure the market will of making good financial decisions. this bill is not something i'm excited about or proud to offer. this is not a great plan but merely a better plan been going over the cli
CSPAN
Dec 30, 2012 10:30am EST
in this debate. guest: it is not part of the fiscal cliff. there is a tax increase because of health care reform act. it is not considered part of the fiscal cliff. the cliff has the potential, all the tax increases and spending cuts, of doing a lot more damage lot more quickly. cook -- there are other parts, like coverage kids up to the age of 26. every time i watch -- what into the emergency room, i get angry about people who walk into the of emergency room and i have to pay for them. i talked to my doctor about this. the cost is something we all and the paying. -- end up paying. guest: let me say that if you are over 65 and you can get medicare, there should not be any reason why your health care or what the doctor can do for you will change. even if you are concerned about the doc-fix, that will be taken care of very shortly. that is one part of the fiscal cliff that i am pretty sure it will be avoided before it affects medicare patients. guest: that may be one of the things that she was talking about. part of the fiscal cliff is that congress has not done the doc-fix, which is indexed the r
CSPAN
Dec 29, 2012 10:00am EST
. they talked about the need to reach a deal to avert the fiscal cliff. >> i've been working people of both parties with the help of business leaders and ordinary americans to come together around a plan to grow the economy. a plan that would protect the middle class, cut spending and ask the wealthiest americans to pay a little bit more. i will keep working with anyone who is serious about getting a comprehensive plan like this done. we are now just -- all tax rates are going up. a will get a lot smaller. it would hurt middle-class families and businesses that depend on your spending. congress can prevent it from happening. leaders are working on a way to prevent this tax hike on the middle class. if an agreement is reached i will urge the senate to hold an up or down vote to protect the middle class from the income- tax hike. it could pass both houses a bipartisan majority. but they still want to vote no, that is their prerogative. they shall let everybody else vote as well. we cannot afford a politically self-inflicted wound. the housing market is healing. the unemployment rate is the lo
Search Results 0 to 4 of about 5 (some duplicates have been removed)